Prices of toluene in Asia recently showed a rapid sharp rise in the trend. Up to the close on the 26th, FOB Korea toluene prices closed at 756.5 US dollars / ton, up 61.5 US dollars/ton than the previous month , reached an increase of 8.85%. There are two main reasons for this: On the [...]
US spot polymer-grade propylene prices continued to edge lower Monday, shedding an additional 9.4% from Friday's assessment amid continued talk of improving supply and weaker demand from downstream producers. S&P Global Platts assessed prompt-month PGP at 57.5-58 cents/lb ($1,267.65-$1,278.67/mt) FD USG, down 6 cents/lb from Friday, while the forward month was assessed at 57.25-57.75 cents/lb, [...]
The MEG market is balanced after consecutive price increases in recent weeks on strong demand for both anti-freeze and PET. Some players are expecting an increase in the cost of feedstock ethylene when its monthly contract settles, to be passed down to MEG. Caustic soda demand remains healthy in Europe, with prices continuing to trend [...]
Sentiment for the European methanol market moving into February has been positive and seems likely to shore up fundamentals in the week ahead. The Asian market has cooled somewhat as lunar new year approaches and business will likely remain minimal in china until late February. March numbers for EU methanol show [...]
Sentiment in the polyethylene market is stable, with few price changes in recent weeks. Supplies are reported to be readily available, with January buying not as strong as many had expected. The Asian price surge of recent weeks is keeping European prices steady, despite abundant supplies. PP demand is expected to remain solid [...]
The February benzene CP is expected to fall from January's level, as an ever lengthening spot market on downstream outages and closed arbitrages has piled pressure on spot prices. Crude oil and gasoline prices have lent support to toluene, rendering the economics of converting toluene into benzene unattractive in Europe. The Amsterdam-Rotterdam-Antwerp market could lengthen [...]
A disruption at Dow's Boehlen cracker in Germany has added tightness, with few deals reported in a quiet spot market. Propylene is expected to remain tight in the first quarter amid reports of light cracking and solid derivative offtake. With the February butadiene CP settling at an increase for February and spot prices for both domestic and [...]
This is the newest quote price of PTA: Recently,prices of PX and crude oil continued to rise, to a certain extent, it gives strong support for the cost of PTA.There is a certain boost to the spot market, but due to the slowdown in the downstream polyester operating rate, downstream demand has shrunk slightly. PTA [...]
Houston (Platts)--26 Jan 2018 630 pm EST/2330 GMT The first half of 2018 is set to be stronger for the acetyl chain than the second half of 2017 due to structural reasons, Celanese's top executive said Friday. Expectations of pressure on acetyls due to increased raw material volatility should not be any more challenging than [...]
Chemical Company announced that it will raise the price of Macrolex and Ceres branded solvent dye products globally and the amount is up to 20% with immediate effect. International GmbH on February 1 raised all the world's price of titanium dioxide, carbon black, pigments, dyes and several additives and masterbatch mixed product, the amount may [...]
